Page 1 of 3GLA-01114NY 7/08 COBRA GUIDELINES HOW DOES AN EMPLOYEE APPLY FOR COBRA?â¢ The Employee needs to complete the Dental COBRA Election Form (GLA-01359*) within 60 days of the date of terminationor qualifying event.
Straight life. A straight life insurance policy is a type of permanent insurance that provides a guaranteed death benefit and has fixed premiums. This traditional life insurance is sometimes also known as whole life insurance or cash value insurance.
Life Insurance and Annuity Proceeds. An insurance policy or annuity is a contract between the company that sold it and the person who bought it. As a result, the proceeds don't go through the probate process (see How the Probate Process Works: Information for Executors), and the executor isn't in charge of them.